There are many challenges facing the mining industry and have credible procurement systems is one of them. According to Mining Procurement & Supply- East Coast of Australia, their 2013 report indicated that some of the challenges around mining procurement included: There are numerous pressures related to supporting the business to deliver cost efficiencies, due to […]
Speech delivered by ZCCM IH Mabvuto Chipata A significant percentage of our Company budget expenditure goes through the procurement unit that contracts suppliers of various goods and services. These goods and services are particularly administrative and investment-related, from hiring machinery for projects, undertaking of environmental project briefs, exploration services, consultancy services,
ZPPA Director General’s speech at the public procurement training workshop It is with great pleasure and honour that i take this opportunity to welcome you all to this very important workshop. Thank you for having taken time off your busy schedules to attend this training workshop on electronic government procurement usage. As you may be […]
Mining is in ZCCM IH’s DNA. Many have heard the folklore of the once biggest mining conglomerate of Southern Africa. Fraught with mixed fortunes and family silver sold, the investment group we know as one of Zambia’s leading investment vehicles, remains a beacon of hope for all future investments in the sector. Here is why. […]
After months of preparation, the Manganese Mining company established by ZCCM IH has finally commenced operations in Serenje. “ZCCM Investments Holdings Plc (ZCCM-IH) through its wholly-owned subsidiary Kabundi Resources Limited has started mining manganese with a targeted production capacity of 20, 000 tonnes per month by the end of the year”, according to information shared […
“It’s no secret that many countries in Africa are perceived as doing the wrong things” said Rudolph De Bruin, Founding Partner of the private-equity fund AMED Funds, “and some of the main players in DRC have difficulty explaining certain issues to their shareholders.” However, “with good rewards come higher risks. DRC still has the better mineral […]
Why Zambian artisanal miners deserve structure There is a livelihood that has been the bedrock of small-scale mining since time in memorial. The men, women, and children from across the world who wake up eat morning in search of pieces of minerals that promise to change their lives. Ironically though, though the informal nature and […]
Limestone Resources Limited (LRL) is born Three months after the ZCCM IH management team signaled a way forward for their distressed asset, Ndola Lime, a way forward has been established, according to a statement from the investment group. In March 2020, ZCCM IH announced the appointment of a Business Rescue Administrator (BRA) who would oversee […]
14th June 2020, Lusaka, Zambia – Over the past 8 years Ndola Lime Company Limited (NLC) accumulated an insurmountable amount of debt, in excess of K1 billion, owed to various statutory bodies as well as private creditors, which led to the Company being technically insolvent. In September 2018, two (2) former employees of instituted business […]
In ZCCM IH’s 2018 annual report, the investment group made a bold announcement when it unveiled its 2018 to 2023 strategic plan. Aptly titled “Taking Giant Steps”, the executive leadership announced that ZCCM IH would pursue a transformational agenda that would permeate through all operational landmarks with a view to sustaining growth and value extraction […]
Finance
